“Is the glass half-empty, or half-full?”
That’s a question MoffettNathanson Senior Analyst Michael Nathanson asks in an investor note that examines the pay-TV industry’s health through the third quarter of 2020.
The glass half-empty argument is one he focuses on first, as he observes a “first derivative inflection – a slower rate of decline for video subscribers for both traditional distributors and vMVPDs – is but a pause in the still-gathering cord-cutting narrative.”
But, what is his ultimate conclusion?
